Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has received a Letter of Intent (LOI) from Syama Prasad Mookerjee Port for the construction of one 15 T Bollard Pull Electric Battery Propulsion Tug. The total value of the contract, including GST and taxes, amounts to ₹37,94,48,131. The scope also includes the installation of shore charging infrastructure. This marks a significant development in the company’s order book and future revenue generation capabilities.
Major Contract Awarded
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) announced on August 3, 2026, the receipt of a Letter of Intent (LOI) from Syama Prasad Mookerjee Port. The LOI is for the construction of a ‘One 15 T Bollard Pull Electric Battery Propulsion Tug’. This includes the crucial aspect of installing necessary shore charging infrastructure for the project.
Contract Value and Scope
The total value of this significant order stands at ₹37,94,48,131, inclusive of all applicable GST and taxes. This development is a positive indicator for GRSE’s order book and future financial performance, reinforcing its position in the shipbuilding sector.
Source: BSE
